In the first book it is recommended to double your rehab costs on first deals until you learn all the different ways contractors and construction workers cheat and lie to you.  

Big box stores latest design is to have a smaller footprint with the best sellers and then have a warehouse close by within 3 to 4 mile at 5 per sq ft lease rate to house the inventory.I am not sold on drone technology for delivery of packages.

Our loss  looks like it will be in the 50K range when the smoke clears, but better to amputate, than bleed to death slowly. lol  Naturally as an investor I know that losses are a risk we take, but when you are flat out taken advantage of, lied to and or ignored..that raises lots of other issues.  

So I'm going to be the technology consultant, im creating an automated system/software to do some tasks like finding cash buyers and etc.

It depends on how savvy you are with technology.

Not going to lie, but they are insanely expensive and I've acquired a few clients from them overcharging for different.You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney.

So, @Matt Pfefferlen you're first task is to determine the lie hold position of the existing senior deed of trust.Since CA is a race-to-record state, first in line means priority of lien hold position.Just because you acquire title to the asset subject to this senior DOT does not mean that that creditor must accept the unauthorized transfer and permit loan assumption.

Originally posted by @Corby Goade: I understand that things happen and this is not really the property manager's faultThis is where I think the biggest differences lie between the pros and cons of self versus property manager involvement.I'd hope the PM has the long-term best interests of your rental in mind above all else, however business is business and people are people, with the choice between keep spending time on meeting prospective tenants for another month with no commission, or getting a payday by accepting a marginal renter who technically meets all of the requirements on paper but lacks that solid vibe you as an owner are looking for in a renter, I think the PM will take the easier more profitable path, especially since the system is set up for additional profits for the PM for the worse the tenant turns out to be.

He lied again in the email saying that he deposited the last months rent but somehow it is not credited from his bank.

In every adversity lies the seed of opportunity."